26
Apr
22:02
US Steel says losses deepen, foresees improving markets
US Steel plans to continue cutting its costs and pushing for stricter trade law enforcement to weather a still-tough global steel environment, the company says in its first-quarter earnings review.
US Steel posted a Q1 loss of $340 million on sales of $2.34 billion. In Q1 last year, the company lost $75m on sales of $3.27 billion.
Immediately prior to announcing its earnings, US Steel revealed that it has filed a complaint with the US International Trade Comm…
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Anonymous
Very good overview of the weekly steel market.
Anonymous